Retirement Communities in Connecticut

Age-restricted communities in New England are on the rise with retirement communities in Connecticut being one of the three hottest spots.



More and more retirees from New York City as well as empty-nesters from inside Connecticut who want to stay close to family are choosing one of the many age-restricted upscale communities that are popping up all over Connecticut. These smaller, maintenance-free homes offer semi-luxury living at a fairly reasonable prices. There are over 150 new retirement communities that have popped up over the state in the past few years.

The coastal town of East Lyme as well as the commuter towns of Litchfield and Fairfield Counties are becoming extremely popular among many retirees in the area. When compared to other areas throughout the US, home prices here are high with homes ranging from $500,000 to well over $1,000,000 but if you consider prices for this area as a whole, the prices are quite reasonable. Madison, Norwalk, Darien and Essex near Long Island Sound are known for their historic downtown districts as well as their scenic beauty, high quality of life and many cultural opportunities.

If you’re looking for something a little more affordable, Southbury, Niantic and Middlebury have a lot of new retirement communities popping up. In the southwest corner of the state, in the town of Oxford, you’ll find one of the largest retirement communities in Connecticut. The Village of Oxford Greens is a fairly new upscale retirement community with access to a nearby golf course built by one of the largest developers of retirement housing in the country.

If you would like to pursue a degree or just take some art classes or maybe some cooking classes, feel free to join the over 3,000 seniors age 62 and older who are enjoying free tuition at one of the Connecticut State Colleges or Universities.

One of the biggest downfalls in choosing one of the retirement communities in Connecticut is the climate. The average wintertime temperature is in the mid 30’s with an average summertime temperature in the low to mid 80’s. The annual Precipitation is about 120 days (1 in 3 days) a year and is pretty much distributed evenly throughout the 4 seasons. The average yearly snowfall is about 25–100" (64–254 cm) across the state, with higher totals in the northwest. So, unless you enjoy this type of weather, Connecticut may not be right for you.

If you are an adventurer and enjoy the scenic beauty and character of New England as well as its proximity to New York City and Boston, you may want to join makes one of the many young, active retirees who are selecting Connecticut as their best place to retire. But before you make your final decision, make sure to visit the area you are considering at least twice, once in the summer and once again in the fall before you make your final decision on whether or not to make one of the retirement communities in Connecticut your home.

Median Home Price: $236,559

Personal Income Tax: Yes
For single filers and spouses filing separately:
-- 3 percent on the first $10,000
-- 5 percent on the remaining income.

For married filing jointly taxpayers and surviving spouses:
-- 3 percent on the first $20,000
-- 5 percent on the remaining income

For head of household taxpayers:
-- 3 percent on the first $16,000
-- 5 percent on the remaining income.

Sales Tax: Yes
Connecticut levies a 6% sales tax on the retail sale, lease or rental of most goods. Most home weatherization products are exempt from sales taxes.

Property Tax: Yes
--All real and personal property located within the state of Connecticut is taxable unless specifically exempted by statute. All assessments are at 70 percent of fair market value.
--Connecticut resident who made qualifying property tax payments on eligible property may be able to claim a credit against state income tax liability. The maximum property tax credit is $500 per return.

Inheritance and Estate Tax: Yes
For estates of decedents who died on or after Jan. 1, 2005, Connecticut estate tax is due only on taxable estates valued at more than $2 million (including the first $2 million).

For More Information: Contact the Connecticut Department of Revenue website

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